Clorox Co. stated that its second-quarter profit fell precipitously because of restructuring charges and a greater investment in marketing, but earnings surpassed Wall Street’s target by a wide margin, helped by higher sales and selling prices. Clorox said net income dropped to $83 million (55 cents per share) from $699 million ($3.68) a year ago. Earnings from continuing operations also came to 55 cents which, according to Thomson First Call, was ahead of analysts’ average estima...